All big talks by some are baseless. In households when you run out of funds people go and sell their possessions like gold , copper vessels etc. Similarly Modi govt is selling off PSU’s left right and centre to augment funds for running the country. Rs. 72000 crores of NPA of captialist written off as bad debts. Ambani spends Rs 2 crore on his daughters wedding blouse but can’t repay the captial back to bank. At this rate the country cannot improve its GDP.
Babu,
Your figures & logic are absurd, lets start with your household, how much gold / copper have you sold? The rotting banking system which shows 72000 cr Npa will rise further because suppressed NPAs are now being declared. The IBC law brought by present govt has ensured repayment of 80,000 crores of NPAs. Mukesh Ambani has setup a strong business on strong principles, none of his loans are NPA, hope you are not aware of this fact. He did not spend 2 cr on his daughter’s wedding by over 200cr. It was his, taxpaid, legitimately earned money.
There is no real way to “analyse” a “modern” economy by using “data”. Data cannot “measured or gathered” using the methods which cannot help in any. Nobody knows anything what it is to be really “happy” and “healthy”. All these “economists” from “big” instituitions will simply base their analysis on what has been studied in the west and cannot make any allowance for our country. Obviously all these “theories ” are broken and outdated. The world is tickling itself by ignoring data fromour country by being jaundiced in its analysis.
The real reason for the so called MANDI in the Indian Market is because of the mind blockade of ordinary Indian consumer to spend his hard made official or white money. Barring the service class, the normal business community, big or medium or small, are habitually accustomed to spending in cash, normally unaccounted cash. An ordinary shopkeeper, earning 50/60 thousand per month, declares his income below 3 lakh, never pay tax, and this file money is never touched, only keeps increasing regularly. In the present scenario, with GST and requirement of PAN for various transactions, people are unable to spend their cash for high value transactions. Unable to deposit the cash in his bank account, as it is unaccounted. GST is not properly adhered to, go to any market, you will be given a choice of GST or NON-GST transactions, and why one will pay GST if the alternate is available, with benefit, and comfort of cash payment. How the GDP increase will reflect for the above transactions. A very very big amount of transactions go unreported, as they are done on kacha slips, and the Government have to wield the iron hand for strict implementation of the GST and Digital payment systems, to actually see the country’s GDP increasing.
The arm chair economists cast doubt on figures when the level of economic activity don’t suit their story. Earlier thsee guys were happily “reporting” that the GDP growth is less than 4%.
Indian Economy from 2014 SUNK by Arun jetley, Lawyer and not a Economist , with GROWTH UNFRIENDLY ACTS like NOTE – BANDI (Demonetisation), Snatching Indian Manufaturing Jobs from PSU like HAL – 126 Rafael Manufacturing given to France at the behest of Reliance Anil Ambani kabaria. Now he has kicked the bucket- who will correct these Economic Blunders? Modi – Matric neither has Knowledge to revive Economy nor does he like Economic Nobel Prize winners like Amartya Sen, Abhijit from Bengal to give him advise on Economic Revival. Modi is only expert in Bulding Statues of Ballab – bhai Patel to glorify a dead corpse from Gujrat.
I read with interest and an open mind your article about the current state of our Contry’s Economy. Yes, it’s true that our Economy has slowed down but not so alarming as being projected . This slow down is cyclical and the trend shall definitely change towards upward in another couple of months. This I state because I am catering to the needs of Engineering Industries, mainly Automobile and from the second week of September my Business has started showing signs of improvements and now I am assured of good Business for another 5 months with firm Orders backed by advance payments. I humbly request you not to paint an alarming and bleak/false future for our Country’s Economy. God is great and He shall definitely guide us to safer Shores
Mere development of car industry and its ancilleries, mere choked traffic in Bangalore,
Ur own business flourishment cannot be the indicators of good economic health of India, look at the dying and starving people at large, growing unemployment,banks npa whitewashing in the name of merger, devastating effects on telecom industry by wiping down bsnl, cutting down of jobs of several lakhs of able of employees speak volume of the worthlessness of our Govt and their stooges,putting party on their eyes n considering the public blind like them
India’s dollar reserve, dollar to Indian rupee exchange rates are all in much better shape than what we had in 2012-2013. These indicators show Indian economy is on rise since 2014. Just compare data between 2009-2014 and 2014-2019
Every year by august harvard economist cry and shut up by January
I dont know why India a best performer( fasest growing major economy) is treated like a failing student, Bangalore is choking in traffic , where are you going to dump if auto industry is booming
It is time that we should agree that Indian economy is undergoing a sort of structural slow down not cyclical by any measure. It is clear that major eight to ten key sectors like automobiles, oil, cement,steel leave alone consumer durables are experiencing a serious slow down. Secondly, the concomitant effect of unemployment has been visible and effective demand is lacking.
More importantly the cut in corporate tax rate has not given positive impact as it has benefited a bunch of individuals leading to a great financial loss to the economy.
The need of the hour is to create effective demand through job creation, enhancing public investment in sectors like agriculture and MSME sector and bring back the money from NPAs but not to write off which is a dangerous sign.
Do not allow arm chair commentators to do something with our economy.
Our government has done fine things to stabilize our economy. Certainly our economy will flourish like anything in the years to come.
1. Stopped the growth of illegal money.
2. Watching illegal investments on real estate.
3. Moving to locate investments on gold.
More and more Indians should be encouraged to make their investments in Indian stock markets. Why do we look for FIIs to come and invest in our stock market?
We Indians all of us come forward and invest in our stock market. You can see the wonders withing short span of time.
Rakesh Junjhunwala, our ace investor, has remarked once ” Poor ( financially disadvantaged) have not been benefited when our BSE Index rose from 100 to 40000.
That is the truth. That is great advice we should all listen to.
I’m not a economist but it’s stupid say just because oil imports and exports down so economy is in decline, article doesn’t give full explanation. Now people don’t wanna believe IMF and World Bank data too.
And auto sector is not just down in India it’s in all over world including Germany see the recent economic data of Europe economy.
That is the calibre of BJP. Demonitation, BJP convince public that they are after rich and introduce Rs 2000. Were ever illegal cash find it was in 2000 or 500. Hurriedly implemented GST still they are struggling, FM soaps were absorbed by black holes so nothing is coming out
Any criticism treat him as
Our PM is fine that is the only credit
available with BJP
Not an economist myself, but keeping up with the trends and in one of recent piece I had gone through, the author argues India’s unique situation as per the contents of its economy: 12-15% in its organized sector including the corporates, 20-30% in the semi organized band of partnership/family ventures and the remaining bulk in the unorganized sector. GDP forecast in India does not comprehensible covers all these sectors, mainly the unorganized chunk. The result is that GDP growth rate is rather on the low side.
Your comments are welcome.
But I found your piece interesting.
Regards,
Bretton Woods!! Bunch of leisure-loving diplomats, who would rather enjoy India’s hospitality than have to disagree with PMO.
All it takes is one phone call.
https://www.moneycontrol.com/news/business/top-countries-with-the-highest-inflation-first-place-ahead-by-astronomical-margin-4451401.html
All big talks by some are baseless. In households when you run out of funds people go and sell their possessions like gold , copper vessels etc. Similarly Modi govt is selling off PSU’s left right and centre to augment funds for running the country. Rs. 72000 crores of NPA of captialist written off as bad debts. Ambani spends Rs 2 crore on his daughters wedding blouse but can’t repay the captial back to bank. At this rate the country cannot improve its GDP.
Babu,
Your figures & logic are absurd, lets start with your household, how much gold / copper have you sold? The rotting banking system which shows 72000 cr Npa will rise further because suppressed NPAs are now being declared. The IBC law brought by present govt has ensured repayment of 80,000 crores of NPAs. Mukesh Ambani has setup a strong business on strong principles, none of his loans are NPA, hope you are not aware of this fact. He did not spend 2 cr on his daughter’s wedding by over 200cr. It was his, taxpaid, legitimately earned money.
There is no real way to “analyse” a “modern” economy by using “data”. Data cannot “measured or gathered” using the methods which cannot help in any. Nobody knows anything what it is to be really “happy” and “healthy”. All these “economists” from “big” instituitions will simply base their analysis on what has been studied in the west and cannot make any allowance for our country. Obviously all these “theories ” are broken and outdated. The world is tickling itself by ignoring data fromour country by being jaundiced in its analysis.
The real reason for the so called MANDI in the Indian Market is because of the mind blockade of ordinary Indian consumer to spend his hard made official or white money. Barring the service class, the normal business community, big or medium or small, are habitually accustomed to spending in cash, normally unaccounted cash. An ordinary shopkeeper, earning 50/60 thousand per month, declares his income below 3 lakh, never pay tax, and this file money is never touched, only keeps increasing regularly. In the present scenario, with GST and requirement of PAN for various transactions, people are unable to spend their cash for high value transactions. Unable to deposit the cash in his bank account, as it is unaccounted. GST is not properly adhered to, go to any market, you will be given a choice of GST or NON-GST transactions, and why one will pay GST if the alternate is available, with benefit, and comfort of cash payment. How the GDP increase will reflect for the above transactions. A very very big amount of transactions go unreported, as they are done on kacha slips, and the Government have to wield the iron hand for strict implementation of the GST and Digital payment systems, to actually see the country’s GDP increasing.
The arm chair economists cast doubt on figures when the level of economic activity don’t suit their story. Earlier thsee guys were happily “reporting” that the GDP growth is less than 4%.
Indian Economy from 2014 SUNK by Arun jetley, Lawyer and not a Economist , with GROWTH UNFRIENDLY ACTS like NOTE – BANDI (Demonetisation), Snatching Indian Manufaturing Jobs from PSU like HAL – 126 Rafael Manufacturing given to France at the behest of Reliance Anil Ambani kabaria. Now he has kicked the bucket- who will correct these Economic Blunders? Modi – Matric neither has Knowledge to revive Economy nor does he like Economic Nobel Prize winners like Amartya Sen, Abhijit from Bengal to give him advise on Economic Revival. Modi is only expert in Bulding Statues of Ballab – bhai Patel to glorify a dead corpse from Gujrat.
I read with interest and an open mind your article about the current state of our Contry’s Economy. Yes, it’s true that our Economy has slowed down but not so alarming as being projected . This slow down is cyclical and the trend shall definitely change towards upward in another couple of months. This I state because I am catering to the needs of Engineering Industries, mainly Automobile and from the second week of September my Business has started showing signs of improvements and now I am assured of good Business for another 5 months with firm Orders backed by advance payments. I humbly request you not to paint an alarming and bleak/false future for our Country’s Economy. God is great and He shall definitely guide us to safer Shores
Mere development of car industry and its ancilleries, mere choked traffic in Bangalore,
Ur own business flourishment cannot be the indicators of good economic health of India, look at the dying and starving people at large, growing unemployment,banks npa whitewashing in the name of merger, devastating effects on telecom industry by wiping down bsnl, cutting down of jobs of several lakhs of able of employees speak volume of the worthlessness of our Govt and their stooges,putting party on their eyes n considering the public blind like them
India’s dollar reserve, dollar to Indian rupee exchange rates are all in much better shape than what we had in 2012-2013. These indicators show Indian economy is on rise since 2014. Just compare data between 2009-2014 and 2014-2019
Every year by august harvard economist cry and shut up by January
I dont know why India a best performer( fasest growing major economy) is treated like a failing student, Bangalore is choking in traffic , where are you going to dump if auto industry is booming
It is time that we should agree that Indian economy is undergoing a sort of structural slow down not cyclical by any measure. It is clear that major eight to ten key sectors like automobiles, oil, cement,steel leave alone consumer durables are experiencing a serious slow down. Secondly, the concomitant effect of unemployment has been visible and effective demand is lacking.
More importantly the cut in corporate tax rate has not given positive impact as it has benefited a bunch of individuals leading to a great financial loss to the economy.
The need of the hour is to create effective demand through job creation, enhancing public investment in sectors like agriculture and MSME sector and bring back the money from NPAs but not to write off which is a dangerous sign.
Do not allow arm chair commentators to do something with our economy.
Our government has done fine things to stabilize our economy. Certainly our economy will flourish like anything in the years to come.
1. Stopped the growth of illegal money.
2. Watching illegal investments on real estate.
3. Moving to locate investments on gold.
More and more Indians should be encouraged to make their investments in Indian stock markets. Why do we look for FIIs to come and invest in our stock market?
We Indians all of us come forward and invest in our stock market. You can see the wonders withing short span of time.
Rakesh Junjhunwala, our ace investor, has remarked once ” Poor ( financially disadvantaged) have not been benefited when our BSE Index rose from 100 to 40000.
That is the truth. That is great advice we should all listen to.
Country need to pull up socks to beat the slump
I’m not a economist but it’s stupid say just because oil imports and exports down so economy is in decline, article doesn’t give full explanation. Now people don’t wanna believe IMF and World Bank data too.
And auto sector is not just down in India it’s in all over world including Germany see the recent economic data of Europe economy.
Libtards
Under the skin, both IBRD and IMF are banks, with a thriving business of debt. Would any lender afford to antagonise any of it’s best borrowers??
That is the calibre of BJP. Demonitation, BJP convince public that they are after rich and introduce Rs 2000. Were ever illegal cash find it was in 2000 or 500. Hurriedly implemented GST still they are struggling, FM soaps were absorbed by black holes so nothing is coming out
Any criticism treat him as
Our PM is fine that is the only credit
available with BJP
Not an economist myself, but keeping up with the trends and in one of recent piece I had gone through, the author argues India’s unique situation as per the contents of its economy: 12-15% in its organized sector including the corporates, 20-30% in the semi organized band of partnership/family ventures and the remaining bulk in the unorganized sector. GDP forecast in India does not comprehensible covers all these sectors, mainly the unorganized chunk. The result is that GDP growth rate is rather on the low side.
Your comments are welcome.
But I found your piece interesting.
Regards,
Indian economy is on a decline. So why are IMF and World Bank’s growth forecasts so high ? Because there are no nobel winners in IMF
Bretton Woods!! Bunch of leisure-loving diplomats, who would rather enjoy India’s hospitality than have to disagree with PMO.
All it takes is one phone call.